NOVA Technology (SZSE:300921) COGS-to-Revenue : 0.73 (As of Mar. 2024)

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What is NOVA Technology COGS-to-Revenue?

NOVA Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥125.5 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥171.4 Mil.

NOVA Technology's COGS to Revenue for the three months ended in Mar. 2024 was 0.73.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. NOVA Technology's Gross Margin % for the three months ended in Mar. 2024 was 26.78%.

NOVA Technology COGS-to-Revenue Historical Data

The historical data trend for NOVA Technology's COGS-to-Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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NOVA Technology COGS-to-Revenue Chart

NOVA Technology Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.63

0.62

0.66

0.63

0.68

NOVA Technology Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial															0.63	0.69	0.70	0.69	0.73

NOVA Technology COGS-to-Revenue Calculation

NOVA Technology's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	409.94	/	603.71
	=	0.68

NOVA Technology's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	125.495	/	171.396
	=	0.73

NOVA Technology (SZSE:300921) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

NOVA Technology's Gross Margin % for the three months ended in Mar. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	125.495 / 171.396
	=	26.78 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

NOVA Technology COGS-to-Revenue Related Terms

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NOVA Technology (SZSE:300921) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » NOVA Technology Corp Ltd (SZSE:300921) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

1006 Shennan Avenue, 16th Floor, Building A, Shenzhen International Innovation Center, Futian District, Guangdong Province, Shenzhen, CHN, 518033

Website

https://www.nova.net.cn

NOVA Technology Corp Ltd is a network communication services provider. It offers dedicated network communication, cloud computing and system integration services.

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